But does the corporate data collection factor into your FICO score? Unless there’s some new scary development I’m not aware of, the FICO score is only based on the following: length and number of accounts, revolving utilization, if payments are on time, and the loans you have made (based on the size and frequency of them).
You and your friends’ social media activity, among numerous other things, can absolutely affect your ability to get a loan, a job, a rental contract, etc.
When you’re rejected for a loan by a bank in the USA you’re entitled by law to know the reason. If your credit is good, your job is stable, and you’ve got no history of finance-related crime then you won’t be denied a loan. If you’re denied a loan because of the type of porn you browsed or some shit you said on Twitter, then that’s grounds for a discrimination lawsuit.
with the amount of information sharing between all the large corps, they are likely to be more similar than you think.
But does the corporate data collection factor into your FICO score? Unless there’s some new scary development I’m not aware of, the FICO score is only based on the following: length and number of accounts, revolving utilization, if payments are on time, and the loans you have made (based on the size and frequency of them).
Don’t give them any ideas.
FICO is just one of a multitude of scoring systems which impact people’s lives in the US today.
https://en.wikipedia.org/wiki/Criticism_of_credit_scoring_systems_in_the_United_States
You and your friends’ social media activity, among numerous other things, can absolutely affect your ability to get a loan, a job, a rental contract, etc.
When you’re rejected for a loan by a bank in the USA you’re entitled by law to know the reason. If your credit is good, your job is stable, and you’ve got no history of finance-related crime then you won’t be denied a loan. If you’re denied a loan because of the type of porn you browsed or some shit you said on Twitter, then that’s grounds for a discrimination lawsuit.
https://news.uga.edu/how-social-media-posts-could-affect-credit-scores/ (via)